Crypto market analysts, particularly Quantum Ascend, predict Cardano (ADA) could have a similar rise based on patterns observed in Ethereum Classic (ETC).
Analysis of Cardano and Ethereum Classic
Using Elliott Wave theory and Fibonacci extensions, Quantum Ascend highlights a striking fractal pattern between Cardano and Ethereum Classic during the 2021 bull run. The analyst notes that ADA may mirror ETC's explosive growth.
Price Predictions for Cardano
According to projected estimates, conservative targets for Cardano are set around $4 to $5, while more optimistic figures reach between $10 and $12.
Short-Term Positive Signals
This month, another TradingView analyst, Arman Shaban, noted bullish short-term patterns, including order block setups indicating a potential 121% rally.
The forecasts for Cardano are intriguing and may present various opportunities for investors. The analysis of various fractal patterns and short-term signals emphasizes the growing interest in ADA.
